Jazz Resources Inc. announces that it intends to complete a non-brokered private placement of units of the Company at a price of $0.75 per Unit, for aggregate gross proceeds to the Company of $800,000 . Each Unit will be comprised of one common share of the Company and one share purchase warrant , with each Warrant being exercisable for one Common Share at an exercise price of $1.10 per Common Share at any time up to 18 [...]
Jazz Resources Inc. is pleased to report that drilling undertaken on the bedrock portion of the Vila Nova gold project, Amapa State, Brazil has intersected multiple veins with visible gold in all four drill holes, including the previously reported veins totaling 23.09 meters grading 31.58 g/t at a vertical depth of 74.47 meters in Hole VN-3. The aforementioned intersection represents three quartz veins within a [...]
Jazz Resources Inc. is pleased to report that drilling on the bedrock portion of the Vila Nova gold project, has intersected veins totaling 23.09 meters grading 31.58 g/t at a vertical depth of 74.47 m in Hole VN-3. The intersection represents three quartz veins within a 37.78 m interval that averages 19.3 g/t over the entire interval. True width of the unit is estimated at 80% of down-hole length in steeply dipping units [...]
Jazz Resources Inc. is pleased to announce the arrival of the team from Brastorno Tecnologia Em Equipamentos Para Mineracao, a respected Brazilian manufacturer of mining equipment, to assemble the Gravimetric Plant at the Company's Vila Nova Gold Project located in the State of Amapa. The mill components are being shipped from Brastorno's manufacturing facility in Belo-Horizonte, Brazil. Based on the encouraging results [...]
Jazz Resources Inc. is pleased to announce that it has received encouraging exploration results as set out in a geological report on the Company's Vila Nova Gold Project located in the State of Amapa, Brazil. The Report was commissioned by the Company and ECO Mining Oil & Gaz Drilling and Exploration EIRELI , and was prepared in June 2021 by geological engineer Hamilton Antonio Giampietro of GENESIS GEOLOGIA ME located in [...]
Jazz Resources Inc. is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement offering of unsecured convertible debentures. The Offering was over-subscribed by $150,000. The principal sum of Debentures issued in the second tranche totals $1,350,000, for total gross proceeds from the Offering of $2,650,000. The Debentures will mature on the date that [...]
Jazz Resources Inc. wishes to announce that, further to news releases dated April 16, 2021 and May 21, 2021, it anticipates closing the balance of its previously announced non-brokered private placement offering of convertible debentures on or prior to Friday, June 4, 2021. Pursuant to policies of the TSX Venture Exchange , the deadline to close the Offering is May 31, 2021, however, the Company has requested an extension [...]
Jazz Resources Inc. is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement offering of unsecured convertible debentures. The principal sum of Debentures issued in the first tranche totals $1,300,000. The Debentures will mature on the date that is two years from the date of issuance and shall bear interest at a rate of 8% per annum, payable and compounded [...]
Jazz Resources Inc. wishes to announce a proposed non-brokered private placement offering of unsecured convertible debentures to raise aggregate gross proceeds of up to $2,500,000. The Debentures will have a maturity date of two years from the date of issuance and shall bear interest at a rate of 8% per annum, payable and compounded annually. The principal sum of the Debentures, or any portion thereof, may be converted by [...]
Jazz Resources Inc. wishes to announce encouraging initial results from auger sampling of tailings on the Vila Nova Gold Project, located in Amapa State. Assays from fifteen samples from two different accumulations of tailings materials have been returned from SGS Labs in Belo Horizonte, Brazil. Returns from approximately 130 other samples are awaited from the laboratory, and will be reported when received. Initial [...]
Jazz Resources Inc. wishes to announce that it has advanced an aggregate of US$1,000,000 to Eco Mining Oil and Gaz Drilling and Exploration in connection with the Company's acquisition form Coltan Gold Minerals Inc. of its interest in a joint venture royalty agreement between Coltan and Eco dated July 6, 2020, as amended, with respect to the Vila Nova Gold Project in Amapa, Brazil. Eco has engaged GE21, and independent [...]
Jazz Resources Inc. is pleased to announce that it has completed a non-brokered private placement of 3,737,000 units of the Company at a price of $0.25 per Unit, for aggregate gross proceeds to the Company of $934,250, as announced by the Company on January 27, 2021. The Offering was oversubscribed from the amount originally announced. Each Unit is comprised of one common share of the Company and one share purchase [...]